TechFlow news, November 14 — According to an official announcement, Travis Ford from Oklahoma was sentenced to 60 months in prison for operating a cryptocurrency investment fraud scheme and ordered to pay over $1 million in forfeiture and $170,000 in restitution. As CEO and co-founder of Wolf Capital Crypto Trading LLC, Ford raised $9.4 million from approximately 2,800 investors through the company’s website and social media, falsely promising daily returns of 1–2% (approximately 547% annualized). Ford has admitted these return rates were unsustainable and acknowledged misappropriating investor funds for personal and accomplice benefits. The U.S. Postal Inspection Service investigated the case, and the Department of Justice’s Fraud Section prosecuted it.
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